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EUR review

With the U.S. dollar bandwagon losing passengers, the euro was poised for its best weekly gain in a month and perched at its highest level in more than a week. The market has seemingly cast aside for now growing fears of…

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EconoTimes — Reading the Times. Understanding the Future.

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With the U.S. dollar bandwagon losing passengers, the euro was poised for its best weekly gain in a month and perched at its highest level in more than a week. 

The market has seemingly cast aside for now growing fears of a Greek debt default. But Greece will take center stage next week and rank high on the agenda of a meeting of top European officials on April 24. 

Greece is facing a ticking clock to strike a deal with its lenders to keep the bailout cash flowing. Without it, Greece could be weeks away from defaulting on its debt, a scenario that could quickly turn ugly for global markets and risk derailing the bloc's recovery which has shown steady signs of improvement in recent weeks.

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